The Hill News

As the 2012 election season turns full throttle, the president and members of his administration are pointing to their only economic success story â€" the government’s investment in an ailing, failing auto industry and the subsequent revival of the nation’s manufacturing base.

Vice President Biden recently stated on a campaign stop that “Osama bin Laden is dead and GM is alive.”

But let’s put this presidential campaign victory tour into perspective. The president and even the media fail to acknowledge a critical fact, that the initial decision to help the automobile industry began with the Bush administration. This recovery plan was set in motion under a Republican administration, approved with votes in Congress from both parties, and was then continued by President Obama.

Read more...